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Technology Stocks : SUN microsystems: 7/18/96 quarterly report - BIG!
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To: Carmine Cammarosano who wrote (150)7/28/1996 3:17:00 AM
From: Mojie Aghaalian   of 386
 
Carmine, I lost a large sum of money in Jan. when ADBE came out with awful
earnings. Since then it is my practice to get out before earnings is released.
I make money by buying them before earnings is released because most of these
growth companies run up before their earnings is released. I made three exceptions
recently because I believed that I had studied those companies products and
contracts to feel confidant of their earnings. CSCC, TLAB, and EFII.
I kept them until after earnings was released. I was correct. They all beat estimates but as you know
they all have dropped since then. I quickly sold EFII, but It took me a few days to
decide to sell CSCC & TLAB. I lost money on TLAB & EFII. Since I am not a long-term investor I have to make sure that my money does not get locked up in a stock, especially if it is going down. So, I take my loss and recover it with another stock.

As far as USRX, I probably buy it within the next two weeks. I rather wait to see if it gets dumped more
by scared investors that bough it around 35-50 back in Jan. I think the biggest problem with USRX is those scared investors with low "loyalty factor".

I knew that USRX would slip further than its Thurs. close. Look at CPQ, DEC, LSI, FORE, ... and many other stocks that in the past came out with a negative story. On the first day they dropped hard but did
not hit the bottom. That’s because some sellers wait a couple of days hoping that the stock bounces
back before they get out. Like I said before lows & highs are not made in one day.

Regards;

Mojie
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